thank you for joining us tonight. it can mean to isolate or hideaway, to seize, withdraw or to hold but if you can believe president obama it might just be the worst word in our political lexicon today. >> obama: that's a pretty bad name sequester. but the effects are even worse than the name. >> john: according to the white house the effects of the $85 billion in budget cuts that kick in friday, the sequester could cost 3/4 of a million jobs over the next year alone you why for starters. design a series of across-the-board cuts, it will hack $43 billion from military spending $26 billion from programs like health education and hurricane sandy relief, another $11 billion from mandatory spending including 2% cuts on medicare providers and plans. these cuts we're talking about won't be devastating for some programs and our bloated military with more than the 13 nations combined maybe could be able to handle a trim. but many people who are already struggling will have to struggle more if this sequester takes place. two q